December 7, 2017 / 1:52 PM / in a year

Bahrain says it will join BEPS framework to exit EU's tax-haven blacklist

DUBAI (Reuters) - Bahrain will join a group of countries committed to fighting corporate tax avoidance as it seeks to be taken off the European Union’s tax-haven blacklist, the Bahraini Ministry of Finance said on Thursday.

“Bahrain will commit to be a member of the Inclusive Framework on BEPS ... “ the ministry said in an emailed statement to Reuters, listing a series of steps it had already taken to exchange tax information with other countries.

On Tuesday, EU finance ministers adopted a blacklist of 17 jurisdictions deemed to be tax havens, including Bahrain and the United Arab Emirates, in a step to counter worldwide tax avoidance.

Reporting by Andrew Torchia, editing by Larry King

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